BASIC RESOURCES ETF OUTPERFORM
Basic resource-related ETFs issued by ETF Securities saw fantastic performance last week as investors regained their appetite for risk. The ETFX Dow Jones STOXX 600 Basic Resources Fund rose by over 9 per cent last week and the ETF is up 130.9 per cent on this time last year. The ETFX DAXglobal Coal Mining Fund and the ETFX DAXglobal Steel Fund have also been geared plays on the global recovery theme, managing to rise 166.4 per cent and 130.9 per cent respectively over the past 12 months.
NEW SOCGEN COVERED WARRANTS
Covered warrants provider Societe Generale yesterday launched 60 new call and put warrants listed on the London Stock Exchange. These new listings include miners BHP Billiton, Xstrata and Anglo American, pharma giants AstraZeneca and GlaxoSmithKline and consumer oriented firms Marks&Spencer and Diageo. They have also issued four new warrants for the FTSE 250 index.
DB X-TRACKERS CORPORATE BOND ETF
Deutsche Bank has just launched a new exchange-traded fund (ETF), which gives investors exposure to the corporate bond market. Its db x-trackers II iBoxx EUR Liquid Corporate 100 Total Return Index ETF represents the performance of up to 100 euro-denominated corporate bonds and takes into account index rebalancing costs. Listed on the Frankfurt stock exchange, it has a 0.2 per cent per year total fee. Historically, the index has outperformed other benchmark indices used by ETF providers over the last three years.
UBS LAUNCHES ETCS ON THE LSE
Swiss bank UBS has recently launched 69 exchange traded commodities (ETCs) on the London Stock Exchange, the first time the bank has made a major issuance outside Switzerland. UBS’s decision is yet another step in the rapid growth of the European exchange-traded commodities market. The announcement came just days after Deutsche Bank announced the launch of its own suite of ETCs, listed on Xetra in Frankfurt.